Nikhil Gupta Options Selling Strategy on Sensex

Name: Nikhil Gupta Options Selling Strategy on Sensex -
Price: 999.00 INR
Availability: InStock

Category: Tradetron Strategy

Nikhil Gupta Options Selling Strategy on Sensex

Strategy Parameters Details

Strategy Type	This is a Intraday Strategy
Trading Instruments	SENSEX / NIFTY
Expiry	Weekly Expiry
Entry Time:	Entry time: 09:25 AM
Exit Time:	Exit Time: 03:14PM or when MAX LOSS is activated.
Capital Requirement:	Rs. 1,30,000/- On 1DTE/2DTE/3DTE/4DTE per lot / 1X multiplier
Expiry Capital:	0DTE requires 1.5 times normal capital due to higher ELM limits per lot / 1X multiplier.
Max Stop Loss:	Max Stop loss: 3350 per 1X multiplier
Max Profit	No TSL is applied.
Trailing Stop Loss (TSL)	Activates when profit reached 0.75% on 0DTE per 1X multiplier

Entry Criteria and setup rules-:

Sell ATM – 100 CE and ATM + 100 PE based on bank nifty Spot e.g. if Bank Nifty spot is at 15820, nearest 100 is 15800 so Spot is 15800. In this case 15700 CE and 15900 PE needs to be sold. This is also known as ITM1 inverted strangle.

Buy both CE & PE legs hedges of Rs 5 just before entering the SELL legs
Sell sensex ATM straddle at 09:19 each day except on Friday (09:30 AM)
SL 20% on Friday , 30% on Monday on each leg
Put 5% combined premium SL on all other days.
Exit losing leg if SL hits.
Move the SL of the other leg to Cost.
Exit the profit leg if 5 min Close candle > Supertrend(10,1) on options chart
Sell a new straddle if both leg exited
Max re-entry two times.
Universal exit at 03:10 PM

Trading Days	Short Straddle	Entry Time	Exit Time	Stop Loss	Re-entry
Friday (4DTE)	Short ATM CE & PE	09:30AM	03:00 PM	20%	2 times on both legs exit
Monday (3DTE)	Short ATM CE & PE	09:19 AM	03:00 PM	20%	2 times on both legs exit
Tuesday/ Wednesday/ Thursday (2DTE/1DTE/0DTE)	Short ATM CE & PE	09:19 AM	03:00 PM	5% on Combined Premium	2 times on both legs exit

Strategy Description:

Nikhil Gupta Sir is an well known Full time options Trader. You can know more about him here : https://x.com/nikkhilgupta05. He developed this stratgey on BANK NIFTY Index. But here I have code the asme stratgey on SENSEX index here . You can know about the stratgey indetails here in this video